🗒️ Data snapshot: $3.25 million in Binance futures liquidations over the past hour | Long positions accounted for 61.5% | $ETH led the pack
· What it is: Binance's publicly available liquidation data is a snapshot: for each contract, only the latest update is pushed every second, so the actual liquidation volume is often higher.
· How to read it: A concentration of liquidations means leverage on that side has been flushed out. Some people think the market may briefly calm down after the flush, but that's no hard-and-fast rule.
Rare data spikes often signal greater volatility. This is when you should reduce leverage, not double down.
#ETH
For reference only. Trade at your own risk.
· What it is: Binance's publicly available liquidation data is a snapshot: for each contract, only the latest update is pushed every second, so the actual liquidation volume is often higher.
· How to read it: A concentration of liquidations means leverage on that side has been flushed out. Some people think the market may briefly calm down after the flush, but that's no hard-and-fast rule.
Rare data spikes often signal greater volatility. This is when you should reduce leverage, not double down.
#ETH
For reference only. Trade at your own risk.